Are you looking to dodge your Walmart MoneyCard fees?
If yes, then this is for you.
In this blog,
I have explained everything you need to know about Walmart MoneyCard fees & Charges and what steps you can take to avoid fees.
All the methods or simply hacks are explained here are ethical and non-bad practices.
100% saving on Walmart MoneyCard fees isn’t going to happen for sure. But definitely, you can reduce the fee at some level.
After going through all the hacks that I have shared here, you’ll be completely informed about your actions that can help you save your money.
Previously, I have shared the hacks to maximize the benefits of using Walmart MoneyCard to save more, earn more rewards, get more and more discounts. Make sure you check out them, after going through this.
You can also download my free eBook below on – hacks to maximize the benefits of using Walmart MoneyCard.
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[fluentform id=”3″]Walmart MoneyCard Fees Explained
Are you considering getting a Walmart MoneyCard? Before you do, it’s essential to understand the Walmart MoneyCard fees associated with it.
Understanding these fees can help you make informed decisions about whether the Walmart MoneyCard is the right choice for you.
Be sure to weigh the benefits of Walmart MoneyCard against the costs to determine if it aligns with your financial needs and habits.
Let’s break down the fees for Walmart money Card:
✅ Fees For Walmart Money Card Account Opening
To get started with a Walmart MoneyCard, there’s a flat fee of $1. This initial fee allows you to activate your card and begin using your card.
This is a one-time fee for registering of a Card at a Walmart store. This fee is collected at the register and is not deducted from your Card account. This fee will not be reflected in any transaction history.
❓How To Avoid One-Time Account Opening Fee?
Unfortunately, you cannot avoid the one-time account fee. This is mandatory to pay. But at the same time, it is cheaper which is a one-time charge of $1 only.
👉🏼 Hacks To Maximise The Benefits Of Using Walmart MoneyCard
✅ Walmart Money Card Monthly Maintenance Fee
There’s a monthly maintenance fee of $5.94 to keep your account active.
❓How To Avoid Monthly Maintenance Walmart MoneyCard Fee?
Yes, you can avoid this maintenance fee.
The Walmart MoneyCard Monthly Fee is waived if you deposit $500 or more into your card each month (excluding person-to-person transfers).
- The monthly fee is waived with direct deposits of $500 or more to the primary account.
- Family Accounts have no separate fee; direct deposits to Family Accounts don’t count for a fee waiver.
- The account starter package incurs a fee upon first use or registration.
- Online sign-up fees apply upon activation of a personalized card.
- Unsolicited card fees start upon the first deposit.
- Subsequent fees are assessed monthly.
- Limited-use starter card fees start 90 days after purchase if unused.
✅International Usage Fee
Walmart allows international transactions with their Walmart MoneyCard, which means you can make payments outside the U.S.
But there is a fee associated with it.
When using the Walmart MoneyCard, you’ll incur a 3% fee on the dollar amount of each transaction. This fee is something to keep in mind if you plan on traveling abroad or making international transactions.
✅ Cash Withdrawal Fees
💵 ATM Withdrawl Fee
| Cash Withdrawn Mehtod | Fee & Charges |
|---|---|
| ATM withdrawal | 🔴 $2.50 |
| Balance Inquiries | 🔴 f$0.50 |
When it comes to accessing cash, there are a few fees to note.
There’s a $2.50 fee for each ATM withdrawal and a $0.50 fee for balance inquiries at ATMs.
However, if you use participating banks for withdrawals, there’s a $2.50 fee.
Remember: You may also be charged a fee by the ATM operator, even if you do not complete a transaction.
💵 Cash Withdraw At Walmart Store
| Cash Withdrawl Methods | Fee |
|---|---|
| Withdrawal at Walmart stores | 🔴 $0 |
You can save a fee with this method of cash withdrawal.
To save fees when accessing ATMs for cash withdrawal, you can withdraw from Walmart MoneyCenters and customer service desks, which charge no Walmart MoneyCard fees and this is a convenient option.
The fee may waived off when cash is withdrawn from Walmart MoneyCenters and Customer Service desks.
💵 Cash Withdrawl With Teller
| Cash Withdrawl Methods | Fee |
|---|---|
| Teller cash withdrawal | 🔴 $2.50 |
$2.50 fee is applicable when withdrawing cash via a teller at a participating bank.
So, if you prefer withdrawing cash from your Walmart MoneyCard through a teller, you can do so at any bank or credit union that accepts Visa or Mastercard.
You need to take these steps to cash with the Walmart MoneyCard via the teller method –
✔️ Find a bank or credit union that accepts Visa or Mastercard for over-the-counter cash withdrawals. Many banks and credit unions participate in these networks, but it’s a good idea to verify before going.
✔️ Bring your Walmart MoneyCard and a valid form of identification (such as a driver’s license or passport) to the bank or credit union.
✔️ Go to the teller and inform them that you’d like to make a cash withdrawal from your Walmart MoneyCard. Provide your card and ID for verification.
✔️ The teller will process your withdrawal request and provide you with the desired amount of cash.
✔️ Make sure to collect your card, ID, and any receipts before leaving the bank or credit union.
NOTE: Some banks or credit unions may charge a fee for over-the-counter cash withdrawals, so be sure to inquire about any potential charges before proceeding with the transaction.
Also, make sure that the bank or credit union you choose to visit accepts Visa or Mastercard for cash withdrawals, as policies may vary.
✅ Walmart Money Card Overdraft Fees
This is a service offered by a bank that helps prevent your account from being overdrawn when you don’t have enough money to cover a transaction.
You need to actively choose to enroll in overdraft protection. It’s not automatically provided to you.
🔴 Eligibility Requirements: There are certain conditions you must meet to qualify for overdraft protection. These conditions are likely outlined in the Deposit Account Agreement provided by the bank.
There is no fee for transactions under $10 if they overdraw your account.
If a transaction is over $5 and it causes your account to be overdrawn by more than $10, a $15 fee may apply for each such transaction.
You can incur a maximum of ten overdraft fees per monthly statement period. This means the most you can be charged for overdrafts in a given month is ten times the fee amount.
Like other traditional cards, Walmart MoneyCard doesn’t charge any overdraft fees. This means you won’t be penalized for spending more than what’s available on your card.
| Walmart MoneyCard | Fee |
|---|---|
| Overdraft Fee | 🔴 $15 |
How To Avoid Walmart MoneyCard Overdraft Fee?
Yes, there are several strategies you can use to avoid overdraft fees. By implementing these strategies and staying proactive about managing your finances, you can reduce the likelihood of incurring overdraft fees.
✔️ Regular Monitor Your Account Balance: Watch your Walmart MoneyCard account balance, this can help you avoid overdrafts. Make sure you know how much money you have available before making any transactions.
✔️ Set up Alerts: Many banks offer account alert services that can notify you when your balance is low. You can set up alerts to receive notifications via email, text message, or through the bank’s mobile app.
✔️ Link Accounts: Some banks allow you to link your checking account to a savings account or a line of credit.
If your checking account balance is low, funds can automatically be transferred from the linked account to cover transactions, potentially avoiding overdraft fees.
However, there may be fees associated with these transfers, so be sure to check with your bank.
✔️ Opt Out of Overdraft Protection: While overdraft protection can be helpful in some cases, opting out of this service means your transactions will be declined if you don’t have enough funds in your account.
While this may result in inconvenience, it can also prevent you from incurring overdraft fees.
✔️ Budgeting and Financial Planning: Creating a budget and sticking to it can help you avoid overspending and minimize the risk of overdrawing your account. Moreover, building an emergency fund can provide a financial cushion for unexpected expenses.
✔️ Consider Overdraft Protection Alternatives: Some banks offer alternative services or products designed to help you manage your finances without overdrawing your account, such as low balance alerts, balance transfer options, or fee-free accounts.
✅ Walmart MoneyCard Check Fees
In summary, while you won’t be charged directly from your primary deposit account for cashing checks at participating Walmart stores and adding the proceeds to your Card account, you will still need to pay Walmart’s check cashing fees, and this service may not be available in all states or at all Walmart locations.
This fee applies if you need the convenience of writing checks with your MoneyCard.
If you opt to order a pack of 12 checks, there’s a one-time fee of $5.95.
| Walmart MoneyCard | Fee |
|---|---|
| Paper checks (For a pack of 12 checks) | 🔴 $5.95 |
✔️ No Fee from Primary Deposit Account: When you cash a check at Walmart and the proceeds are added to your Walmart MoneyCard account then there won’t be any fee deducted directly from your primary deposit account.
This suggests that you won’t be charged by your bank or financial institution for cashing the check.
✔️Walmart Check Cashing Fees Apply: Walmart charges fees for cashing checks at their stores. These fees will still apply when you cash a check at Walmart and the proceeds are added to your Card account. These fees are separate from any fees related to your bank account or prepaid card.
✔️Available at Participating Walmart Stores Only: This service, where you can add check proceeds to your Card account without a fee deducted from your primary deposit account, is only available at Walmart stores that participate in this program.
Not all Walmart stores may offer this service.
✔️Not Available in All States: This service may not be available in all states. It’s essential to check with your local Walmart store or visit their website to confirm whether this service is available in your area.
✅ Cash Deposit Fee
| Walmart MoneyCard | Fee |
|---|---|
| Cash Deposit Fee | 🔴 $3 with card at Walmart registers 🔴 Free using the app at Walmart 🔴 Other locations up to $5.95 |
This fee varies depending on the retailers.
The charge for a cash deposit through a Walmart store is $3.00.
This fee is not deducted from your primary deposit account and will not be reflected in any Account statements or transaction histories.
✅ Card Replacement Fee
| Walmart MoneyCard | Fee |
|---|---|
| Card replacement (regular delivery) | 🔴 $3.00 |
| Card replacement (expedited delivery) | 🔴 $15.00 |
Regular Delivery Card Replacement:
✔️ Fee: $3.00
✔️ Circumstances: This applies when your card is lost, stolen, or damaged, and you opt for regular delivery of the replacement.
This fee is charged when you request a replacement card, and the card is delivered on a regular basis. This typically takes 7-10 business days for delivery.
Expedited Delivery Card Replacement
✔️ Fee: $15.00
✔️ Circumstances: This applies when you need your replacement card urgently and are willing to pay extra for expedited delivery.
This fee is charged in addition to the regular replacement fee if you request expedited delivery of the replacement card. Expedited delivery typically takes 3 business days.
Rewards And Perks With Walmart MoneyCard
Walmart MoneyCard offers several rewards and perks for their customers.
In brief, here’s what Walmart MoneyCard offers-
🎁 Cash Back Rewards: Users can earn cash back rewards for making purchases at Walmart stores and other participating retailers. The cashback percentage may vary depending on the specific offer or promotion.
🎁 Direct Deposit Bonus: Walmart MoneyCard often offers a bonus for users who set up direct deposit for their paychecks or government benefits. This bonus could come in the form of a one-time cash incentive or other rewards.
🎁 Cash Reloads: Walmart MoneyCard allows users to reload cash onto their cards at Walmart stores or participating retailers. Some promotions may offer bonuses or rewards for reloading a certain amount of cash onto the card.
🎁 No Overdraft Fees: Unlike traditional bank accounts, Walmart MoneyCard typically does not charge overdraft fees, providing users with peace of mind when managing their finances.
🎁 Free ATM Withdrawals: Walmart MoneyCard users may be eligible for free ATM withdrawals at Walmart MoneyCenter ATMs or participating ATMs in the Allpoint network.
🎁 Online Account Management: The MoneyCard platform provides users with convenient online account management tools, allowing them to check balances, track transactions, set up direct deposit, and more.
🎁 Purchase Protection: Depending on the specific terms and conditions of the card, users may benefit from purchase protection, which can help reimburse them for unauthorized transactions or damaged purchases made with the MoneyCard.
🎁 Mobile App: The Walmart MoneyCard mobile app offers additional features and conveniences, including mobile check deposit, bill payment, and transaction alerts.
Use My Methods To Maximize The Benefits Of Using Walmart MoneyCard
If you are a regular shopper, then I am sure you are interested in saving more, getting more discounts, earning rewards, and avoiding fees & charges.
Unfortunately, I cannot discuss that here. So, I prepared an eBook for that. And it is absolutely available for FREE.
I highly advise you to check out my free eBook, where I have mentioned all the methods and hacks to maximize the benefits of using a Walmart Money Card.
Request For Free Access
[fluentform id=”3″]Common Question Asked
❓ What fees are associated with the Walmart MoneyCard?
The Walmart MoneyCard has various fees including monthly service fees, ATM withdrawal fees, cash reload fees, and others depending on usage.
❓ Is there a monthly service Walmart MoneyCard Fee?
Yes, there is a monthly service fee associated with the Walmart MoneyCard. However, it may be waived if certain conditions are met, such as direct deposit.
❓ How much are the ATM withdrawal fees?
ATM withdrawal fees vary depending on whether it’s an in-network or out-of-network ATM. Typically, in-network withdrawals have lower or no fees compared to out-of-network withdrawals.
❓ Are there fees for reloading cash onto the card?
Yes, there are fees for cash reloads onto the Walmart MoneyCard. These fees may vary depending on the method of reloading.
❓ Are there any fees for using the card for purchases?
Generally, there are no fees for using the Walmart MoneyCard for purchases. However, certain transactions or services may have associated fees.
❓ Can I check my balance or transaction history for free?
Yes, you can typically check your balance and transaction history for free through the Walmart MoneyCard app, website, or by calling customer service.
❓ Are there any hidden fees I should be aware of?
While Walmart MoneyCard fees are transparently disclosed, it’s essential to review the fee schedule carefully to understand all potential charges.
❓ How can I avoid paying unnecessary fees?
You can avoid some fees by opting for direct deposit, using in-network ATMs, and being mindful of the fee schedule when reloading cash or using certain services.
❓ Can I get a refund for certain fees?
Refund policies for fees may vary. It’s advisable to check the terms and conditions or contact customer service for information on fee refunds.
❓ Where can I find the complete fee schedule for the Walmart MoneyCard?
You can find the complete fee schedule on the Walmart MoneyCard website or by referring to the materials provided when you received your card.
❓ What is the limit on a Walmart MoneyCard?
The limit on a Walmart MoneyCard varies depending on the type of card and the verification status of the account. Generally, the maximum balance limit on a Walmart MoneyCard is $10,000, and the maximum daily spending limit is $5,000. However, these limits can be lower for some accounts or may increase with account verification. It’s essential to check the specific terms and conditions of your Walmart MoneyCard account for precise limit details.